Is Bellaire, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bellaire was a Seller's Market.
Housing Prices in Bellaire, TX
How much do homes in Bellaire, TX cost?
Median Sold Price
$1,049,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bellaire was $1,049,000 in March 2024, up 6.3% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $455K | +5.8% |
3 Bedrooms | $500K | $510K | +2.0% |
4 Bedrooms | $1.0M | $1.1M | +13.3% |
5+ Bedrooms | $1.3M | $1.4M | +5.4% |
Summary: Bellaire housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Bellaire | $987K | $1.0M | +6.3% |
Houston | $329K | $314.7K | -4.4% |
Housing Supply in Bellaire, TX
How many homes are available in Bellaire, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 68 | +13.3% |
Summary: The Bellaire real estate market had 68 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 26 | 36 | +38.5% |
5+ Bedrooms | 22 | 16 | -27.3% |
Summary: The Bellaire housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Bellaire in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Bellaire, TX
How long does it take to sell a home in Bellaire, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 45 Days | +15.0% |
Summary: Homes in Bellaire had an average of 45 days on market in Mar 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Bellaire; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.